18718 Federal Register / Vol. 72, No. 71 / Friday, April 13, 2007 / Notices 

12 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3 15 U.S.C. 78s(b)(3)(A)(ii). 

4 17 CFR 240.19b–4(f)(2). 

5Although the fee schedule will reflect a cap of 

$10,000, in actuality listing the cap is just for 

clarity; mathematically, the cap would exist anyway 

because the 5% assessment would be applied to the 

monthly net floor brokerage income for all amounts 

up to and including $200,000. For example, if the 

net floor brokerage income is $300,000 for a 

particular month, then the first $200,000 would be 

assessed a rate of 5%, (which is $10,000) and the 

remainder ($100,000) would not be charged any 

additional Floor Brokerage Assessment. 6Russell 2000 is a trademark and service mark 

of the Frank Russell Company, used under license. 

Neither Frank Russell Company’s publication of the 

Russell Indexes nor its licensing of its trademarks 

for use in connection with securities or other 

financial products derived from a Russell Index in 

any way suggests or implies a representation or 

opinion by Frank Russell Company as to the 

attractiveness of investment in any securities or 

other financial products based upon or derived 

from any Russell Index. Frank Russell Company is 

not the issuer of any such securities or other 

financial products and makes no express or implied 

warranties of merchantability or fitness for any 

particular purpose with respect to any Russell 

Index or any data included or reflected therein, nor 

as to results to be obtained by any person or any 

entity from the use of the Russell Index or any data 

included or reflected therein. 

7See Securities Exchange Act Release No. 55473 

(March 14, 2007), 72 FR 13338 (March 21, 2007) 

(SR–Phlx–2007–12). 

8 15 U.S.C. 78f(b). 

9 15 U.S.C. 78f(b)(4). 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for inspection and copying in 

the Commission’s Public Reference 

Room. Copies of the filing also will be 

available for inspection and copying at 

the principal office of NYSE Arca. All 

comments received will be posted 

without change; the Commission does 

not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. All 

submissions should refer to File 

Number SR–NYSEArca–2007–30 and 

should be submitted on or before May 

4, 2007. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.12

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–6959 Filed 4–12–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–55599; File No. SR–Phlx–

2007–32] 

Self-Regulatory Organizations; 

Philadelphia Stock Exchange, Inc.; 

Notice of Filing and Immediate 

Effectiveness of Proposed Rule 

Change Relating to the Equity Option 

and Index Option Floor Brokerage 

Assessment 

April 6, 2007. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’) 1 and Rule 19b–4 thereunder,2

notice is hereby given that on March 30, 

2007, the Philadelphia Stock Exchange, 

Inc. (‘‘Phlx’’ or ‘‘Exchange’’) filed with 

the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change as described in 

Items I, II, and III below, which Items 

have been substantially prepared by 

Phlx. Phlx filed the proposal pursuant 

to Section 19(b)(3)(A)(ii) of the Act 3 and 

Rule 19b–4(f)(2) thereunder,4 which 

renders the proposal effective upon 

filing with the Commission. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

Phlx proposes to amend the equity 

option and index option Floor 

Brokerage Assessment to change the 

levels of the monthly net floor brokerage 

income and corresponding assessment 

and to effectively reduce the fee cap 

from $100,000 per month to $10,000 per 

month. The proposed equity option and 

index option Floor Brokerage 

Assessment is set forth below: 

Monthly net floor 

brokerage income Assessment 

$0–$200,000 ...... 5% for all amounts up to 

and including $200,000. 

Any amount over 

$200,000.

No additional charge. 

Monthly Cap: $10,000. 

The proposed amendments to the Floor 

Brokerage Assessment, as set forth 

above, are scheduled to become 

effective for trades settling on or after 

April 2, 2007. 

The Exchange also proposes to make 

a minor technical change to clarify that 

the title ‘‘Summary of Equity Option 

and RUT and RMN Charges’’ should 

appear on each page of that section of 

the fee schedule rather than merely on 

the first page. The text of the proposed 

rule change is available at Phlx, the 

Commission’s Public Reference Room, 

and http://www.phlx.com. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, 

Phlx included statements concerning 

the purpose of, and basis for, the 

proposed rule change and discussed any 

comments it received on the proposed 

rule change. The text of these statements 

may be examined at the places specified 

in Item IV below. Phlx has prepared 

summaries, set forth in Sections A, B, 

and C below, of the most significant 

aspects of such statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The purpose of amending the Floor 

Brokerage Assessment, including 

effectively lowering the monthly fee cap 

to $10,000,5 is to create a financial 

incentive for floor brokers to send 

additional order flow to the Exchange, 

which should, in turn, allow the 

Exchange to remain competitive. 

The purpose of setting forth the title 

‘‘Summary of Equity Option and RUT 

and RMN Charges’’ on each applicable 

page of the fee schedule is to codify a 

change that was recently made to the 

Exchange’s fee schedule. The Exchange 

recently filed a proposed rule change to 

assess equity option charges (including 

payment for order flow charges), as 

opposed to index option charges, on (1) 

options on the Russell 2000 Index 6

traded under the symbol RUT (the ‘‘Full 

Value Russell Index’’), and (2) options 

on the one-tenth value Russell 2000

Index traded under the symbol RMN 

(the ‘‘Reduced Value Russell Index’’).7

The Exchange changed the title of the 

first page of the equity option fee 

schedule from ‘‘Summary of Equity 

Option Charges’’ to ‘‘Summary of Equity 

Option and RUT and RMN Charges,’’

but inadvertently did not make 

corresponding changes to the title on 

each subsequent page of the equity 

option fee schedule. Thus, placing the 

title ‘‘Summary of Equity Option and 

RUT and RMN Charges’’ on each page 

will more accurately reflect the changes 

that were recently made to the 

Exchange’s fee schedule, as described 

above. 

2. Statutory Basis 

The Exchange believes that its 

proposal to amend its schedule of fees 

is consistent with Section 6(b) of the 

Act,8 in general, and furthers the 

objectives of Section 6(b)(4) of the Act,9

in particular, in that it is an equitable 


pwalker on PROD1PC71 with NOTICES
Federal Register / Vol. 72, No. 71 / Friday, April 13, 2007 / Notices 18719 

10 15 U.S.C. 78s(b)(3)(A)(ii). 

11 17 CFR 240.19b–4(f)(2). 12 17 CFR 200.30–3(a)(12). 

allocation of reasonable fees and other 

charges among Exchange members. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange has neither solicited 

nor received written comments on the 

proposed rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing proposed rule change 

has been designated as a fee change 

pursuant to Section 19(b)(3)(A)(ii) of the 

Act 10 and Rule 19b–4(f)(2) 11

thereunder. Accordingly, the proposed 

rule change is effective upon filing with 

the Commission. At any time within 60 

days of the filing of the proposed rule 

change, the Commission may summarily 

abrogate such rule change if it appears 

to the Commission that such action is 

necessary or appropriate in the public 

interest, for the protection of investors, 

or otherwise in furtherance of the 

purposes of the Act. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an e-mail to rulecomments@sec.gov. Please include File 

No. SR–Phlx–2007–32 on the subject 

line. 

Paper Comments 

• Send paper comments in triplicate 

to Nancy M. Morris, Secretary, 

Securities and Exchange Commission, 

Station Place, 100 F Street, NE., 

Washington, DC 20549–1090. 

All submissions should refer to File No. 

SR–Phlx–2007–32. This file number 

should be included on the subject line 

if e-mail is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Internet Web site (http://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for inspection and copying in 

the Commission’s Public Reference 

Room. Copies of such filing will also be 

available for inspection and copying at 

the principal office of the Exchange. All 

comments received will be posted 

without change; the Commission does 

not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. All 

submissions should refer to File No. 

SR–Phlx–2007–32 and should be 

submitted on or before May 4, 2007. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.12

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–7007 Filed 4–12–07; 8:45 am] 

BILLING CODE 8010–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #10849] 

Washington Disaster # WA–00012 

Declaration of Economic Injury 

AGENCY: Small Business Administration. 

ACTION: Notice. 

SUMMARY: This is a notice of an 

Economic Injury Disaster Loan (EIDL) 

declaration for the State of Washington, 

dated 04/09/2007. 

Incident: Windstorm. 

Incident Period: 12/14/2006 through 

12/15/2006. 

EFFECTIVE DATE: 04/09/2007. 

EIDL Loan Application Deadline Date: 

01/09/2008. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street, SW, Suite 6050, 

Washington, DC 20416. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

Administrator’s EIDL declaration, 

applications for economic injury 

disaster loans may be filed at the 

address listed above or other locally 

announced locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: King, Lewis, San Juan 

Contiguous Counties: 

Washington: Chelan, Cowlitz, Grays 

Harbor, Kitsap, Kittitas, Pacific, 

Pierce, Skamania, Snohomish, 

Thurston, Wahkiakum, Yakima 

The Interest Rate is: 4.000. 

The number assigned to this disaster 

for economic injury is 108490. 

The States which received an EIDL 

Declaration # is Washington. 

(Catalog of Federal Domestic Assistance 

Number 59002) 

Dated: April 9, 2007. 

Steven C. Preston, 

Administrator. 

[FR Doc. E7–7029 Filed 4–12–07; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

Audit and Financial Management 

Advisory (AFMAC) Committee Notice 

of Cancellation of Public Meeting 

The U.S. Small Business 

Administration, Audit and Financial 

Management Advisory Committee 

(AFMAC) federal meeting originally 

scheduled for Wednesday, April 18, 

2007 has been cancelled. A new date 

and time for this meeting will be 

announced soon. If you have any 

questions, please contact Jennifer Main, 

Chief Financial Officer, 409 3rd Street, 

SW., 6th Floor, Washington, DC 20416, 

phone: (202) 205–6449, e-mail: 

Jennifer.Main@sba.gov. 

Matthew Teague, 

Committee Management Officer. 

[FR Doc. E7–7030 Filed 4–12–07; 8:45 am] 

BILLING CODE 8025–01–P 


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